Report foreign rental income in ITR, claim FTC for taxes paid abroad, and convert using RBI rates; deductions allowed.
This infographic explains taxation of rental income from foreign properties for Indian residents. Report rental income in ITR-2 or ITR-3 under ‘Income from House Property’. Claim foreign tax credit (FTC) for taxes paid abroad by filing Form 67. Convert income using RBI rates and claim deductions for property taxes, maintenance, and loan interest.